Azimut posts €5bn in nine months
Italy’s independent asset manager Azimut Holding reported total net inflows of €318m in September 2015, which brought total net inflows since the beginning of the year above €5bn.
The result marks a +13% year-on-year improvement in the company’s performance.
Total assets under management stood at € 29.3bn, € 34.1bn including assets under administration.
Pietro Giuliani (pictured), Azimut’s Chairman and CEO, commented: “After the excellent month of August, even September, a seasonally weak month for the group, highlights very positive numbers and confirms the excellent trend of this year where in Q3 only we realised net inflows in excess of €1bn.
“In this period investors appetite shifted to three main solutions: monetary funds with low risk and low volatility; decorellated innovative products such as the AZ Arbitrage fund; and equity funds for those who decided to take advantage of the market correction and turn it into an investment opportunity.”